3.7.1004.2.thiệu Long Group
Hồng is 36 years old and she is married with two children. Hồng is the group leader of the 3.7.1004.2.Thiệu long solidarity group, which consists of three members. She lives and works in Thieu Hoá district, a rural area in Thanh Hoa province, with two dependents.
This is Hồng's first loan with Thanh Hoá Fund for Poor Women. Hồng has been involved in this business for more than ten years. One of the most critical business difficulties that concerns her is the lack of capital.
With her business profit, Hồng hopes to make enough money to provide for her kids, for her business to do well, and to be able to buy more supplies and equipment for her business.
More information about this loan
This loan is part of FPW’s initiative to provide access to clean water and improved sanitation facilities to low income Vietnamese households. With the help of strategic alliances, FPW has designed a product focused on building latrines, providing septic tanks and water filters, and improving existing hygiene facilities.
FPW will provide a grace period in certain cases to make this product more affordable to clients, and will provide health and environmental training sessions to help build awareness on the benefits of water and sanitation initiatives. By funding this loan, you are helping improve sanitation and access to clean water.
About Thanh Hoa Fund for Poor Women (FPW)Thanh Hoa Fund for Poor Women (FPW) works to provide credit to women and their families in the central Vietnamese province of Thanh Hoa, one of the poorest regions of the country. The institution's target clients are poor and low-income women who have the ability to work but lack the capital. Accordingly, FPW prioritizes single mothers, low-income women with children who have dropped out of primary school, and Viet Nam’s poorest women who cannot access any formal financial services.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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